Can I retire at age 51 with 2,010,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$165,984$164,505$163,063$161,655$160,280$157,820
2 years$82,170$80,640$79,157$77,719$76,324$73,851
3 years$54,236$52,699$51,220$49,795$48,423$46,015
4 years$40,272$38,739$37,275$35,875$34,536$32,210
5 years$31,895$30,372$28,927$27,555$26,253$24,018
6 years$26,313$24,801$23,377$22,036$20,773$18,630
7 years$22,327$20,828$19,427$18,117$16,894$14,844
8 years$19,339$17,853$16,475$15,198$14,016$12,058
9 years$17,016$15,545$14,190$12,945$11,803$9,937
10 years$15,159$13,702$12,371$11,159$10,057$8,281
11 years$13,640$12,198$10,891$9,712$8,649$6,962
12 years$12,376$10,948$9,666$8,518$7,495$5,895
13 years$11,307$9,894$8,636$7,520$6,536$5,020
14 years$10,391$8,993$7,759$6,676$5,729$4,295
15 years$9,598$8,216$7,006$5,954$5,045$3,689
16 years$8,905$7,538$6,352$5,331$4,458$3,179
17 years$8,294$6,942$5,780$4,790$3,953$2,747
18 years$7,752$6,415$5,276$4,317$3,515$2,380
19 years$7,267$5,945$4,830$3,900$3,133$2,066
20 years$6,831$5,524$4,433$3,533$2,798$1,796
21 years$6,438$5,146$4,077$3,206$2,504$1,564
22 years$6,080$4,803$3,758$2,915$2,245$1,364
23 years$5,754$4,492$3,470$2,655$2,015$1,190
24 years$5,456$4,209$3,209$2,421$1,811$1,040
25 years$5,182$3,950$2,972$2,211$1,630$909
26 years$4,930$3,712$2,756$2,022$1,468$796
27 years$4,696$3,494$2,560$1,851$1,324$697
28 years$4,480$3,292$2,380$1,696$1,194$610
29 years$4,279$3,106$2,214$1,555$1,078$535
30 years$4,091$2,933$2,063$1,427$974$469
31 years$3,917$2,773$1,923$1,311$881$412
32 years$3,753$2,624$1,794$1,204$797$361
33 years$3,600$2,485$1,675$1,108$721$317
34 years$3,456$2,355$1,565$1,019$653$278
35 years$3,320$2,234$1,463$938$591$244
36 years$3,192$2,120$1,369$864$536$215
37 years$3,072$2,013$1,281$796$486$189
38 years$2,958$1,914$1,200$734$440$166
39 years$2,850$1,820$1,124$677$399$146
40 years$2,748$1,731$1,054$624$362$128
41 years$2,651$1,648$988$576$329$112
42 years$2,559$1,569$927$531$298$99
43 years$2,471$1,495$870$490$271$87
44 years$2,388$1,425$816$453$246$76
45 years$2,309$1,359$766$418$223$67
46 years$2,233$1,297$720$386$202$59
47 years$2,161$1,237$676$357$184$52
48 years$2,092$1,181$636$330$167$46
49 years$2,026$1,128$597$305$152$40
50 years$1,962$1,078$562$282$138$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,010,000, adding $5,208 every year, while hoping to spend $39,775 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 51/44/5 Blend
50$2,010,000$2,010,000$2,010,000$2,010,000
51$2,220,392$2,113,862$2,082,707$2,330,799
52$2,404,552$2,175,121$2,110,157$2,467,582
53$2,606,163$2,238,049$2,137,194$2,611,434
54$2,826,963$2,302,684$2,163,762$2,766,838
55$3,068,866$2,369,069$2,189,801$2,934,885
56$3,333,981$2,437,244$2,215,249$3,116,776
57$3,624,627$2,507,249$2,240,041$3,313,832
58$3,943,364$2,579,129$2,264,107$3,527,506
59$4,293,005$2,652,925$2,287,373$3,759,396
60$4,676,654$2,728,680$2,309,762$4,011,261
61$5,097,726$2,806,439$2,331,193$4,285,039
62$5,559,986$2,886,246$2,351,579$4,582,859
63$6,067,578$2,968,145$2,370,830$4,907,070
64$6,625,069$3,052,183$2,388,852$5,260,252
65$7,237,490$3,138,404$2,405,542$5,645,249
66$7,910,384$3,226,855$2,420,797$6,065,192
67$8,649,854$3,317,583$2,434,505$6,523,529
68$9,462,628$3,410,633$2,446,550$7,024,054
69$10,356,115$3,506,053$2,456,808$7,570,949
70$11,338,479$3,603,889$2,465,152$8,168,816
71$12,418,714$3,704,191$2,471,445$8,822,725
72$13,606,730$3,807,004$2,475,546$9,538,261
73$14,913,446$3,912,375$2,477,305$10,321,574
74$16,350,889$4,020,354$2,476,567$11,179,439
75$17,932,314$4,130,985$2,473,166$12,119,317
76$19,672,324$4,244,317$2,466,931$13,149,429
77$21,587,009$4,360,397$2,457,681$14,278,831
78$23,694,096$4,479,269$2,445,226$15,517,498
79$26,013,121$4,600,980$2,429,368$16,876,419
80$28,565,607$4,725,576$2,409,900$18,367,701
81$31,375,270$4,853,100$2,386,602$20,004,682
82$34,468,241$4,983,595$2,359,246$21,802,058
83$37,873,315$5,117,105$2,327,595$23,776,019
84$41,622,220$5,253,670$2,291,396$25,944,404
85$45,749,917$5,393,330$2,250,388$28,326,865
86$50,294,929$5,536,124$2,204,297$30,945,058
87$55,299,705$5,682,088$2,152,835$33,822,842
88$60,811,022$5,831,257$2,095,702$36,986,508
89$66,880,422$5,983,664$2,032,583$40,465,022
90$73,564,701$6,139,339$1,963,150$44,290,302
91$80,926,444$6,298,310$1,887,059$48,497,517
92$89,034,616$6,460,603$1,803,951$53,125,422
93$97,965,213$6,626,238$1,713,449$58,216,717
94$107,801,976$6,795,236$1,615,161$63,818,455
95$118,637,185$6,967,609$1,508,677$69,982,487
96$130,572,527$7,143,371$1,393,566$76,765,944
97$143,720,055$7,322,527$1,269,381$84,231,785
98$158,203,249$7,505,079$1,135,654$92,449,383
99$174,158,177$7,691,024$991,895$101,495,186
100$191,734,781$7,880,354$837,593$111,453,433